Presentment for payment is essential for all bills. If a bill is not presented, a drawer and endorser are discharged but the acceptor is not discharged. Presentment must therefore be done at the proper place.

(a) Explain the term promissory note. (2 marks)

(b) Explain the characteristics of negotiable instruments (10 marks)

(c) Presentment for payment is essential for all bills. If a bill is not presented, a drawer and endorser are discharged but the acceptor is not discharged. Presentment must therefore be done at the proper place.
Discuss the rules for determining the proper place for purposes of presentment. (8 marks)

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Presentment for payment is essential for all bills. If a bill is not presented, a drawer and endorser are discharged but the acceptor is not discharged. Presentment must therefore be done at the proper place.

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Related Model Questions

The answer to this is also no. Your task is to prove it.

Which one of the following is a classic example of inductive bias?

Peta spent $100,000 on preparing the tennis courts for sale. This involved a great deal of work. Peta had to resurface the tennis courts and build new fences around them. She then sold the tennis courts in the current tax year to the tennis club for $600,000

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